8 & 12 S Hill Ave, Fayetteville, AR, 72701
About This Home
Flats on Hill is a 14-unit apartment complex master leased by the University of Arkansas, guaranteeing 100% occupied income for the next three years. Located on the southern edge of U of A campus, the Flats are surrounded by the newest and nicest student housing developments and is just blocks away from Dickson Street, the Downtown Square, and the Frisco Trail. Zoned Downtown General (DG), there are endless redevelopment opportunities for the property, as well as significant upside in renovating the existing units. The Flats presents buyers with a unique opportunity to realize guaranteed cashflow for three years before redeveloping or renovating the property upon expiration of the master lease. Listed in conjunction with 1212 S Dunn MLS# 1347224.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1967
Materials
- Foundation: Slab
- Roof: Metal
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Apartment
Interior
Appliances
- Appliances included: Electric Oven,Electric Range,Electric Water Heater,Disposal,Refrigerator
Features
- Window features: Metal
- Flooring: Carpet,Luxury Vinyl Plank
- Fireplace features: None
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air,Electric
Interior Area
- Total structure area: 11,274
- Total interior livable area: 11,274 sqft
Property
Details
- Parcel number: 76509771000
- Special condition: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: None
- Exterior features: Concrete Driveway
- Fencing: None
Lot
- Lot size: 0.67 Acres
- Features: Cleared
Parking
- Parking features: Parking Lot
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Ice Storm
- Tornado
- Winter Weather
- Hail
- Lightning
- Cold Wave
- Earthquake
- Inland Flooding
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Arkansas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $13,147 | $157,764 |
| Home Insurance | $1,478 | $17,736 |
| Property Taxes | $1,191 | $14,292 |
| Electricity | $816 | $9,797 |
| Total | $16,632 | $199,584 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-10 | Price change | $2,600,000 |
| 2026-05-13 | Listed for sale | $2,800,000 |
| 2021-08-06 | Sold | $1,872,000 |
| 2021-06-13 | Pending sale | $2,190,000 |
| 2021-05-24 | Listed for sale | $2,190,000 |
For Sale by Agent
View on Zillow